Risk and Uncertainty - Minimax regret, Expected values - ACCA Performance Management (PM)

[@xXT560Xx]

Thank you!

[@violetchikule7666]

greatly appreciated. you have made answering my assignment easy.

[@icedmochafrappuccino1735]

Sorry, quick question. Is this all still applicable for the June 2021 exam sitting?

[@daveodipo13]

What if in the minimax regret table you add the maximum regret values then pick the least? I still got 700 units but will it always work?

[@opentuition]

No it won't always work :-) (And also you could be asked to describe the technique in which case it must be the minimum of the maximum regrets.)

[@juliosantillan2243]

I do not understand why in the matrix you included 900 in X and 800 Y or anything that added is more than 1,200 units per month, as the example 1 said that they cannot carry forward any unsold units in the inventory

[@opentuition]

Because of what is said in the question. The first line of the question says that the maximum capacity is 1,200 units. Have you not downloaded the free lecture notes (containing the questions) from our website?